It is true that it is expensive to study to be a medical doctor?

Question

4 years of pre-med and 4 years of med that you have to pay the tuition. and the professional exams usmle. that's 8 years of school with no income

then residency for 4 years with very little salary

so how can one study to be a doctor if his economical condition is not so good?

by the time one is in residency he's almost 30. earning little, how can he cope if he has to support his parents, family, and possibly pay the debt spent for his study etc?

thanks a lot! >.<"

Answer 1

yes expensive like all the rest of the answers. i have 40,000 dollars in undergrad loans and i borrow about 35,000 a year for med school. you get paid in residency albeit not enough to start paying back your loans. seriously though if you really want to do it, you never worry about the money. the government will loan you everything you need and you will be given plenty time to pay it back and you dont have to start paying it back until you make enough to do so. Dont be dissuaded to aim for your dreams because of money

Answer 2

Yes it&#039;s expensive to study medical science,but now a days bank loans are easily available for studies.

Answer 3

Med school is very expensive and unless you are quite wealthy, it will be largely paid for by Federal and/or private loans.

Answer 4

Yes very expensive, but if you play your cards right some sponsorships here and government grant there you should be able to make it if you have the vocation for it. Be prepared and draw up a plan that might help you get there.

Answer 5

It can be hard, but I guess most people take loans. Here in New Zealand we have student loans which are interest free which are given to permenant residents and citizens (including citizens of australia) who are doing pretty much any degree in any university. You basically start paying back only when you have a job so, its good.

Answer 6

Doctors leaving medical school often have over $100,000 in debt, and interns and residents have relatively low salaries. However, a post-residency physician can expect to make $100,000 a year at the very least, so paying back debt is manageable.

Answer 7

The sad reality is, a lot of doctors are not coming off too good anymore. It may take them many decades to pay off not only their student loans, but all the interest that has accrued on the student loans. Not only that, but they have to pay malpractice insurance like you wouldn&#039;t believe. I know of a doctor that made $210,000 a year, but paid $90,000 in malpractice insurance!

That&#039;s why I&#039;m studying to be a Physician&#039;s assistant. You can stitch someone up, you can prescribe and diagnose, you don&#039;t have to pay medical insurance, it&#039;s only a 2 year master&#039;s degree after your bachelor&#039;s, and many start making 90K and go up form there.

Answer 8

My dad is a doctor and my sister is in medical school right now

The financial burdens are insane, but my sister and I are fortunate enough that we will have it  paid for.

Each year of medical school will be around $40,000. The only way I believe is possible is to take a loan out. It will be extremely difficult but if you&#039;re determined enough, its possible.

Good luck.